Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.010%

Price spread now: OKX against edgeX+0.009%91s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.250% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.009%, 7d avg 0.000%

Together, before fees−0.042%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XAGUSDC	66.554	0.0119	pay 0.0060% / 4h	3h 04m	$675K	$314K	30x
Short	OKX XAG-USDT-SWAP	66.560	0.0195	get 0.0195% / 8h	7h 04m	$28.0M	$66.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee OKXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $15.88
Price spread: +0.009% → 0.000%: $0.88
Slippage, 4 orders: −$6.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$8.25
Costs to cover: 0.250%
Break-even: 10.6 days

Slippage from edgeX: live order book, 5 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 5 min ago	2.25 bp	6.8 bp −$7	6.8 bp −$68	9.2 bp −$916	20.8 bp −$10.4K
Sell OKX live order book, 5 min ago	0.75 bp	5.8 bp −$6	6.6 bp −$66	13.2 bp −$1,322	88.2 bp −$44.1K

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	66.473	−0.122%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.580	+0.039%	$25.6M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.570	+0.024%	$155.1M	$169.5M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.580	+0.039%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.620	+0.099%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.580	+0.039%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	66.498	−0.084%	$120K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	66.539	−0.023%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.495	−0.089%	$5.4M	$12.4M	10x	as long as short
Hotstuff SILVER-PERP	+0.0032%	1h	66.523	−0.047%	$35K	$21K	20x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.231%	$11K	$94K	52x	as long as short
StandX XAG-USD	+0.0040%	1h	66.570	+0.024%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.993	+0.660%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.497	−0.086%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.535	−0.029%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.487	−0.101%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.460	−0.141%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.550	−0.006%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.513	−0.062%	$563K	$21.5M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.521	−0.050%	$165.8M	$84.7M	25x	as long as short
Aster XAGUSDT	+0.0095%	4h	66.566	+0.018%	$2.8M	$1.1M	100x	as long as short
BloFin XAG-USDT	+0.0098%	4h	66.550	−0.006%	$2.6M	$696K	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.506	−0.072%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.530	−0.036%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.480	−0.111%	$126K	$24K	50x	as long as short
Variational Omni XAG	+0.0102%	4h	66.563	+0.013%	$5.6M	$9.9M	—	as long as short
Paradex XAG-USD-PERP	+0.0111%	8h	66.548	−0.009%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0112%	1h	66.559	+0.008%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0116%	4h	66.560	+0.009%	$108.8M	$160.7M	1000x	as long as short
Binance XAGUSDT	+0.0118%	4h	66.565	+0.016%	$193.5M	$717.0M	100x	as long as short
edgeX XAGUSDClong	+0.0119%	4h	66.554	long leg	$675K	$314K	30x
Lighter XAG	+0.0128%	1h	66.548	−0.010%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.567	+0.020%	$1.3M	$4.2M	20x	as long as short
GRVT XAG_USDT_Perp	+0.0180%	4h	66.550	−0.005%	$402K	$1.5M	25x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.530	−0.036%	$1.9M	$934K	20x	as long as short
Nado XAG-PERP	+0.0187%	1h	66.515	−0.058%	$1.3M	$6.5M	10x	as long as short
Bitget XAGUSDT	+0.0192%	4h	66.560	+0.009%	$24.6M	$47.5M	100x	as long as short
OKX XAG-USDT-SWAPshort	+0.0195%	8h	66.560	+0.009%	$28.0M	$66.8M	50x
Aftermath Perps XAGUSD	+0.0206%	1h	66.520	−0.052%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.576	+0.033%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	66.500	−0.081%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.575	+0.031%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.540	−0.021%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSD	+0.0488%	1h	66.533	−0.031%	$765K	$564K	25x	as long as short